09/04/2019
Financial services litigation procedure in United Arab Emirates
Such legal experts may be asked by the judge to provide an expert report on technical aspects of the financial dispute.
Legal, Tax, Regulation & Compliance
09/03/2019
QIMC signs agreement with Doha Bank to finance QR230m project
The cost of the project is estimated to be about QR230m.
09/03/2019
Financial guarantee of KD 40,000 for domestic recruitment bureaus
She explained the imposition of financial guarantee on the license applicant is aimed at protecting the employer and the domestic worker in case the recruitment bureau or the company infringes laws concerning the recruitment of domestic workers in Kuwait
09/03/2019
Christie’s expert hunts for stolen millions in lawsuit against Bank of Valletta
International art expert holds BOV responsible for lack of due diligence after stolen milllions passed through companies set up by auditor Joe Sammut in alleged ‘Gaddafi’ ruse
09/02/2019
Abu Dhabi plans first dollar bond issue in two years - sources
Governments in the Gulf Cooperation Council region have borrowed billions of dollars globally over the past few years to refill state coffers hit by lower oil prices.
09/02/2019
UAE’s Utico Signs Restructuring Agreement With Hyflux
Utico says that with the support of Hyflux’s board and management, "swift action" will be taken to bring all projects up to speed, as well as take on new projects
09/02/2019
Dubai Land Department & BSA launch joint initiative to streamline UAE’s real estate sector
The new initiative will especially facilitate the purchase and sale of properties by corporate entities with ultimate foreign ownership, therefore opening up the market to more corporate investors.
09/02/2019
Banks in Qatar to issue uniform demand guarantee letter soon
This will have a positive impact on the investment climate in Qatar and attract more foreign investments to the local market,” said Sheikha Tamader Al Thani, Director of International Relations and Chamber Affairs at ICC Qatar.
08/30/2019
U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah
Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities.
08/28/2019
UAE Central Bank assets rises to Dh2,975.8 billion
UAE Central Bank’s Money Supply aggregate M1 decreased by one per cent
08/28/2019
RAKBANK partners with CRIF GULF DWC (Dun & Bradstreet) to offer SMEs business information, risk and compliance solutions
Customers will have access to great discounts on the aforementioned services to facilitate their business, making it more efficient, effective, and secure
08/27/2019
Qatar-controlled bank investigated by UK over money laundering
Al Rayan has come under scrutiny after it was revealed some clients have links to terror and extremist groups, including the Muslim Brotherhood and Hamas
08/27/2019
Israeli tycoon faces trial in Switzerland on corruption charges
The prosecutor’s office said last week that the charges include the corruption of foreign officials and falsifying documents.
08/27/2019
Qatar regulator fines biggest UAE bank $55M for obstructing probe
But after Saudi Arabia, the UAE, Bahrain and Egypt accused it of backing terrorism - a charge Doha denies - and imposed an economic boycott, the riyal came under pressure in the offshore market.
08/27/2019
Abu Dhabi's FAB rejects Qatari financial regulator's allegations
A statement from First Abu Dhabi Bank said that the allegations are 'entirely false'
08/27/2019
Who runs Noor Capital
The Emirati fund managed by Olivier Couriol?
08/27/2019
BlackRock Mideast Foray May Grow With Israel Infrastructure Push
To cope with a low-interest rate world, investors have looked to real assets including infrastructure to wring greater returns not tied to stock and bond prices.
08/25/2019
Qatari Regulator Fines the UAE's Biggest Lender $55 Million
Qatar last year alleged that First Abu Dhabi Bank, the United Arab Emirates’ largest lender, made “bogus” foreign exchange deals to harm Qatar’s economy after the UAE and other Arab states began a boycott of Qatar in 2017, a charge
08/23/2019
Pharos holding announces prime talks on acquiring its two subsidiaries end in deadlock
Pharos Chairman & CEO said: "Pharos Holding and its subsidiaries will continue to provide our unique services while meeting the demands of local and foreign clients
08/23/2019
UAE businesses need to crack payment muddle
Mounting delays are clogging up all avenues to instant and vital funds